Part of the Stock Digest group of websites: Visit Tech Stock Digest  

K92 Mining (TSX-V: KNT) President Bryan Slusarchuk on High-Grade Drill Results that Confirm Extension of the Kora Gold Deposit

October 18, 2017

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is President of K92 Mining (TSX-V: KNT)(OTC: KNTNF), Mr. Bryan Slusarchuk. Bryan, how are you this afternoon?

Bryan Slusarchuk: Gerardo, doing really well. Thanks for having me on.

Gerardo Del Real: I'm glad that you're making time today. We actually spoke last week and there was very positive news. The stock has obviously responded well but you had some excellent, excellent news yesterday that I thought was important. Let me read the headline and then I would love for you to just fill in the details for me. The headline reads, "K92 announces high grade Kora exploration drill results including 3.4 meters at 9.94 grams per tonne gold, 55 grams per tonne silver and 5.97% copper in drill hole KMDD0016." There's a lot of very important nuggets in the news release outside of the drill results but let's start there, Bryan. What can you tell me?

Bryan Slusarchuk: Gerardo, if you'll remember, this is an exploration discovery area. It was discovered in our first exploration hole which we announced a few months ago. That discovery was made 500 meters along strike and 150 meters downdip from the known Kora inferred resource. What we then did was we modified an underground drive and started to drill to follow up on that important, high-grade discovery. The first four holes that we drilled following up on the exploration discovery all encountered mineralization including the hole that you mentioned and that is not only very high-grade gold and silver but almost 6% copper over a big, wide interval. We also had another hole that we announced yesterday, 4.45 meters at 9.2 grams gold, just over 7 grams silver and 0.5 copper. Those holes, if you put them in gold equivalent numbers, the 3.4 meter is 19.78 grams per tonne gold equivalent. The 4.45 meter hole is 10.18 grams per tonne gold equivalent.

What we're seeing, as we follow up on that exploration discovery, is that this is a big, wide cut of high-grade mineralization and really indicative of the size potential here is that this area is 500 meters along strike from the known Kora resource. And remember, on that known Kora resource, we put a Preliminary Economic Assessment earlier in the year, very robust numbers. The fact that we're now hitting that Kora mineralization 500 meters along strike and 150 meters downdip of the known extent, just speaks volumes about the size potential here of the Kora. The drill continues to turn, Gerardo, and we hit on the first four holes but people can expect more results out in quite short order.

Gerardo Del Real: Bryan, you mentioned that Kora now definitively exists 500 meters along strike and 150 meters from the edge of the Kora inferred resource. But I also understand that at the extent of all the drilling in every direction, it's still mineralized. Is that accurate?

Bryan Slusarchuk: That's right. Kora is wide open for expansion in every direction. It's strongly mineralized at the extent of all drilling. It's already large and this discovery hole 500 meters along strike from the currently known inferred resource, it speaks volumes about the size potential. The other thing is that, as you mentioned early in the interview, we processed some of this material through the mill and it reacted incredibly well to our processing circuit. In fact, the recoveries from that 800 tonne of the bulk sample that we processed through the mill, the recoveries, even with no gravity circuit and no optimization, came in higher than we indicated within that preliminary economic assessment. Not only are we seeing big size potential unfold here, not only are we seeing our geologist's thesis about the size potential at Kora coming to fruition, but we also now know as a result of the first processing of the bulk sample, that this material is acting incredibly well from a milling and processing perspective.

Gerardo Del Real: Excellent. I know there's a lot of near term catalysts. Drills are turning obviously, can you tell me a bit more, Bryan, about what we can expect from K92? I mentioned earlier that the stock had suffered a pull back, or I mentioned in the last interview, I should say, had suffered a pull back. Since then, you're up nearly 50% here in the past few weeks and I think there's a lot more to come. What can we expect here in the next few weeks and months from K92?

Bryan Slusarchuk: There's a lot of news flow to come, Gerardo. As I mentioned, we mined a 2,000 tonne bulk sample from this Kora extension discovery area. We announced the results recently of the processing of the first 800 tonnes of that sample. You'll see results coming on the remaining material that's being run through the mill now. At the same time as getting those further bulk sample processing results, we've also got a drill turning onsite seven days a week. You'll see more drill assays following up on this exploration discovery in quite a short period of time from now. And there is a lot going on so people can expect very regular news flow for the next several weeks because the team onsite is just exceptionally busy.

Gerardo Del Real: Excellent. I did mention that the stock was up nearly 50% from 52 week lows but I should remind everybody that although the stock trades at $0.63 Canadian today, the 52 week high is $1.38 Canadian so we're a ways off from that and there's a lot to like right now, Bryan.

Thank you very, very much for your time today. I look forward to having you back on here soon as we get some more news on all the near term catalysts that K92 has going for it.

Bryan Slusarchuk: Great. Thank you, Gerardo.

View Interview Archive

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 23363.10 0.41%
S&P 500 2578.77 0.27%
NASDAQ 6782.29 0.16%
TSX 15991.79 0.35%
TSX-V 798.77 0.00%

Resource Commodities

Name Last Change
Gold 1295.20 1.28%
Silver 17.29 1.21%
Copper 3.04 0.18%
Platinum 954.00 1.77%
Oil 55.14 0.34%
Natural Gas 3.05 0.88%
Uranium 24.25 N/A
Zinc 1.45 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest